For Initial Fee Plus Royalties, Inding Inc

question 63

Multiple Choice

For initial fee plus royalties, Inding Inc., a U.S.-based firm, will provide Caliste Works, a firm based in Singapore, with an exclusive right to conduct Inding's business in its country. This form of global business is an example of a _____.

• A) wholly owned affiliate
• B) conglomerate
• C) franchise
• D) joint venture

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Definitions:

Binges

Episodes of excessive indulgence in activities such as eating, drinking, or shopping, typically seen in context with disorders or as occasional behavioral excesses.

Purges

The act of removing or eliminating unwanted things, people, or memories, often in a forceful or cleansing manner.

Binge Drinking

The consumption of an excessive amount of alcohol in a short period of time, typically leading to acute intoxication.

Malnourished

A state of poor nutrition caused by having too little food or an unbalanced diet lacking in essential nutrients.